Seoul Stock Market Tumbles Under 750

The Korean stock market stumbled on April 21, as the composite index fell below 750.
The Korean Stock Price Index(KOSPI) fell 27.17 points on the day to finish at 743.26 as institutional investors, who have been the most powerful purchasers so far, engaged in profit-taking.
Blue-chip stocks that had been leading the bullish market such as Korea Electric Power Co., Korea Telecomm, Samsung Electronics Co. and POSCO retreated without exception on Wednesday.
Industry specialists predict that as investors' outlook is still optimistic, the market might recover in a few days.
On April 19 the Seoul stock market notched a record single-day rise of 41.45 points or 5.7 percent.

Shang-bok Shim : simsb@joongang.co.kr